The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process...Read More
Limited availability and a solid outlook for electric vehicle (EV) demand have given annual contract negotiations for cobalt hydroxide a kick start, but discussions for cobalt metal may evolve over a longer period, market sources told Fastmarkets.While Covid-19 has hit global economies and dented consumer sentiment, it also put low-carbon economies at the forefront of government policy and expecte...Read More
Key data from the Friday October 23 pricing session in Shanghai.Key drivers Chinese exporters continued to raise their offers given the rapid rise in domestic prices. No deals were reported, however, because overseas consumers were resistant to the higher prices. Domestic producers are...Read More
The magnesium price in China rose to a two-month high last week after producers raised their offers amid growing optimism over planned stockpiling by the Yulin Municipal Government, market sources told Fastmarkets.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,700-12,800 yuan ($1,896-1,911) per tonne on Friday October 23, an increase of 400 yuan per tonne (3.2%) from 12...Read More
Prices and payables for cobalt hydroxide stretched to new highs last week, when Chinese refineries continued their restocking efforts in a market that remains tightly supplied for spot cargoes. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, was 78.5-80.5% of the price for cobalt standard grade, in-warehouse Rotterdam (low-end), on Friday October 23, widening upward from th...Read More
Seaborne prices for both low-and high-grade manganese ore in China moved down for the third consecutive week in the week to Friday October 23, following deteriorating overall market sentiment amid weakening portside ore and alloys markets. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $3.92 per dry metric tonne unit (dmtu) on Friday, down by 11 cents per dmtu, or 2.7%, from $4.03...Read More
Portside prices for low- and high-grade manganese ore in China fell for the sixth consecutive week in the week to Friday October 23, partly as a result of traders lowering their offer prices to secure deals with domestic alloy smelters, market participants told Fastmarkets. Both prices are at their lowest levels since November 8, 2019, when the low- and high-grade ore stood at 31.70 yuan ($4.73) p...Read More
A summary of China's ores and alloys imports for September 2020.In brief China's import of ferro-chrome shrunk month on month in September, with the volumes accepted from South Africa halved compared with August when an "overwhelming" amount of material arrived following the resumption of production and export activities in the major supply state. Market expectations of healthy demand in Septembe...Read More
A summary of China's ores and alloys exports for September 2020.In brief China's ferro-silicon export volumes increased month on month with demand from Asian countries starting to recover slightly, despite the fact that September exports had significantly decreased year on year from 2019.Stock replenishment from overseas consumers contributed to the increase...Read More
Lithium spot prices are starting to change direction upward but it will take time for a rebound across the whole lithium complex, Fastmarkets head of battery raw materials research and base metals William Adams during a panel discussion at the Lithium Supply & Markets conference on Monday October 26. "We're starting to see a move up [for spot prices] and by the end of next year will start to see a...Read More
Base metals prices on the London Metal Exchange were firmer this morning, Tuesday October 27, despite some strong headwinds from little progress on the next US Covid-19 relief package and surging infection rates across Europe and the United Sates.* Major western equity index futures rebounding after Monday’s weakness* Expect increased volatility in the run-up to the US presidential electionBa...Read More
American International Group (AIG), an S&P 100 stock moved above $32.67 resuming an intermediate uptrend.Eli Lilly (LLY), an S&P 100 stock moved below $139.00 extending an intermediate downtrend.Teck Resources (TECK), a TSX 60 stock moved below US$13.05 setting an intermediate downtrend.Dollarama (DOL), a TSX 60 stock moved below $48.00 completing a double top pattern.Dow Jones Industrial...Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Liberty Steel, part of the GFG Alliance, has restarted Adhunik Steel in India six months after it acquired the plant, the company said on Thursday October 22. The company said that it had restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel following the acquisition of the steel businesses in February 2020. The acquisition of the Indian site is a strategic investment in o...Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More